Conte’s inferno: political crisis in Italy
The Intelligence from The Economist
The Economist
4.5 • 3.7K Ratings
🗓️ 28 January 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
The president is scrambling to pull together a workable government following Prime Minister Giuseppe Conte’s resignation—and the instability has big implications for Europe’s post-pandemic plans. We examine the staggering rise of shares in GameStop and the day traders trying to stick it to the hedge-funders. And the sport of back-country skiing gets a lift in America.
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Transcript
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| 0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
| 0:09.5 | Every weekday we provide a fresh perspective on the events shaping your world. |
| 0:17.8 | Most people haven't thought of the video game store GameStop for years if they ever did. |
| 0:23.8 | Now it's all Wall Street is talking about. We dive into an intriguing tale involving |
| 0:29.2 | the social media site Reddit, some snarky day traders, and serious stock moves. |
| 0:35.1 | And ski resorts were the first known super spreader sites of the pandemic. |
| 0:39.9 | All those crowded lifts and spirited appraise ski sessions. |
| 0:44.0 | In America that danger has driven a spike in backcountry skiing. No lifts, no crowds. |
| 0:50.6 | But the sport isn't without its risks. |
| 0:55.8 | We're stuck though. |
| 1:01.9 | Today talks continue in Rome to try to form a new government. It's at least third in three |
| 1:07.2 | years. Earlier this week Prime Minister Giuseppe Conte resigned, predicting he would no longer |
| 1:13.3 | have a majority in parliament. |
| 1:19.9 | As for what's next, it's unclear even by Italian standards. |
| 1:24.0 | Mr. Conze might just return as Prime Minister of the same fractious coalition, or a different |
| 1:29.4 | one, or there could be a snap election. |
| 1:32.9 | The crisis comes at a crucial time, not just for Italy but also for Europe as it plans |
| 1:38.8 | for and piles money into a post-pandemic future. |
| 1:43.2 | Giuseppe Conte, the Prime Minister, ran out of support, but he ran out of support within |
| 1:48.7 | his own coalition. |
| 1:50.1 | John Hooper is the economist's Italy correspondent. He has been supported up until now by a four-party |
| 1:58.3 | coalition. But one of the smaller parties, Italy a Viva, has been spoiling for a fight. |
... |
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